Technical Analysis of the financial markets using Elliott Wave, Gann, Fibonacci, cycles and momentum indicators. Posted information is for educational purposes only and not a recommendation to buy or sell any stock. This site is dedicated to the study of technical analysis.
Friday, 17 September 2010
Thursday, 16 September 2010
Wednesday, 15 September 2010
The Practical Use of the Elliott Wave Principle
What if the market moves higher and the contracting triangle pattern is proved wrong? Of course there must be a new count given but from a practical perspective the analyst has been watching for the end of an 'upwardly' unfolding pattern since May 25th. The key is identifying when that pattern, whatever it may be, ends - because then we know a downward pattern is underway and we should not be long the SPX. And so we continue to watch for the end of the pattern from May 25th....
Tuesday, 14 September 2010
Monday, 13 September 2010
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